COMPANY INTELLIGENCE PROFILE
Intellicar Telematics Private Limited
Intellicar is a Bengaluru-based IoT mobility-solutions company.
Intellicar Telematics, based in Bengaluru, specializes in IoT mobility solutions, including fleet management and EV solutions. Incorporated on 23 February 2015, it operates in the IT/Telematics sector. With significant financial metrics, such as a 19% net profit margin and a 34.41% ROE, the company demonstrates robust performance. TVS Motor Company acquired and later divested Intellicar, which is now associated with Fabric, an EV solutions company. Current leadership includes CEO Karan Makhija.
AI-generated, may contain errors.
Business Overview
- Intellicar is a Bengaluru-based IoT mobility-solutions company.
- Per its official site (intellicar.in), it provides fleet management, real-time tracking, driver insights, predictive maintenance, EV OEM solutions, diagnostics, R&D data tools, remote updates, battery OEM monitoring, health/lifecycle, battery-swapping network management, and EV financing solutions, asset tracking/risk assessment for lessors.
- Self-reported scale: 300,000+ connected assets, 50+ scaling clients, 100TB of data processed monthly, 95% client renewal rate.
- Leadership per the site: Karan Makhija (CEO), Shunmuga Krishnan (CTO), Sidharth Middela (VP Engineering).
Sector & Classification
IT/Telematics — described as "Computer Related Services (Telecommunications & IT Design)" (TheCompanyCheck) / "Geographic Information System (GIS) Solutions" (Tofler). Precise NIC code not obtained. Note: CIN prefix changed from an earlier U40104KA2015PTC078960 (Tofler lists this as a "Previous CIN"), indicating a past activity-code reclassification — not independently corroborated on a second source.
Directors & Key Management
Directors — source notes
Confirmed current directors (Tofler + TheCompanyCheck, appointment date agrees across both): - Karan Makhija — DIN 06747682 — appointed 24 May 2022 (CEO) - Shunmuga Krishnan Senthil Arumugam — DIN 08691888 — appointed 24 May 2022 (CTO) - Tan Poh Lin — appointed 24 May 2022 — DIN not obtained (listed by Tofler only, without a DIN) Sidharth Middela is named in news coverage as one of the buyers in the 2022 TVS Motor divestment and is described on the company site as "VP, Engineering," but no aggregator lists him as a company director — not confirmed as a director of record. Falconebiz (best free source for DINs per prior research) returned only its generic search homepage on this fetch, not the company's director page, so it could not be used to corroborate.
GST Registrations
Not obtained. No aggregator (findgst.in returned HTTP 500; knowyourgst/mastersindia company-search routes did not resolve a company-name lookup; general web search did not surface a specific GSTIN) yielded a specific GSTIN for this entity. Do not infer one — flagged as a data gap rather than invented.
Financials
Intellicar Telematics reported revenue between ₹25, 50 crore for FY ending March 2024. The company achieved a 19% net profit margin and 27.89% operating margin, ROE at 34.41%, ROCE at 54.27%, and a debt-to-equity ratio of -0.21. Net worth increased by 34.92% YoY.
AI-generated, may contain errors.
| FY ended | 31 March 2024, standalone, per TheCompanyCheck/Tofler: |
| Revenue | reported only as a bucketed range, ₹25–50 crore, both sources use range buckets, not exact figures — exact revenue is paywalled |
| Net profit margin | 19.0%; Operating margin: 27.89%; ROE: 34.41%; ROCE: 54.27%; Debt-to-equity: -0.21, TheCompanyCheck |
| Net worth | up 34.92% YoY (Tofler) — absolute figure paywalled |
| Exact EBITDA and PAT values | not obtained, behind paid subscription on both platforms |
| No consolidated financials found; treat the above as standalone-entity metrics only. | |
Funding History
- Ownership/deal history is well corroborated by three independent news outlets, ET Auto, Yahoo Finance, The Hindu — via Bing News:
- TVS Motor Company acquired Intellicar Telematics for ~₹15 crore (~2020/2021).
- TVS Motor Company fully divested its stake via a Share Purchase Agreement dated 16 May 2022, for ~₹45 crore, about 3x the original price, to Karan Makhija, Shunmuga Krishnan Senthil Arumugam, Sidharth Middela, and "Fabric IOT", India Infoline, Business Line.
- This lines up with the 24 May 2022 director-appointment date seen on Tofler/TheCompanyCheck.
- Per Inc42, via Bing News, ~2025: "Fabric" — described as an EV solutions company with Intellicar as a subsidiary, founded/led by the same team — raised a $13.5M Series A led by Nuveen, to scale EV data/energy solutions.
- Caution, entity-confusion guard: the $13.5M Nuveen round is Fabric's, the parent/group entity, not confirmed as capital raised directly by Intellicar Telematics Private Limited itself — reported here as group context, not as Intellicar's own funding round.
- Tracxn profile pages returned 404 on direct fetch, so round-name terminology could not be independently cross-checked there.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| State Bank of India | ₹9 | |
| Tata Capital Financial Services Limited | ₹5 |
- Per TheCompanyCheck, open ₹14.4 Cr / satisfied ₹2 Cr:
- 40 crore — Open — charge date given as 30 Dec 2022, TheCompanyCheck, vs Oct 2024 (Tofler) — SOURCE CONFLICT, exact creation date not confirmed
- 00 crore — Open — created 24 Feb 2023, both sources agree
- HDFC Bank Limited — ₹2 crore — Satisfied — created 26 Jun 2018, TheCompanyCheck
- Per the source map's caveat, "no open charges" would not mean "no charges ever" — but here open charges were positively found.
Legal & Compliance
- Two matching writ petitions on Indian Kanoon, both Karnataka High Court, both decided 19 June 2024, same bench, Justice S Sunil Dutt Yadav:
- Intellicar Telematics Private Limited vs The Income Tax Officer — W.P. No. 14528/2024 (T-RES)
- Intellicar Telematics Private Limited vs The Income Tax Officer — W.P. No. 14647/2024 (T-IT)
- Both are tax-related writ petitions against the Income Tax Officer; case dispositions/merits not detailed in the search snippet — would need the full judgment text for outcome.
Competitive Landscape
- Indian fleet-management / vehicle-telematics peers, via web search, not an aggregator "competitors" page, so treat as indicative rather than a curated competitor list:
- Fleetx — AI-powered fleet & transport management software, similar scale, SME/mid-size SaaS
- Tata Motors Fleet Edge — fleet management platform backed by a large OEM parent, larger scale than Intellicar
- Everest Fleet — fleet management/mobility operator, comparable mid-market scale
- Fleetable — fleet & transport management software, smaller/similar scale
- BharatFleet — fleet management software, smaller scale
- Fleetor — fleet management system, smaller scale
- Industry names such as Locus, TrackoBit, Intangles, and Vamosys are commonly cited in this space in general knowledge but were NOT independently confirmed via a fetched source in this session, so they are omitted from the confirmed list.
Frequently Asked Questions
What does Intellicar Telematics Private Limited do?
Intellicar Telematics Private Limited is a Bengaluru-based IoT mobility-solutions company. It provides fleet management, EV OEM solutions, battery OEM monitoring, battery-swapping network management, and EV financing solutions related to asset tracking and risk assessment.
What is the Corporate Identification Number (CIN) of Intellicar Telematics Private Limited?
The CIN of Intellicar Telematics Private Limited is U72300KA2015PTC078960.
When was Intellicar Telematics Private Limited incorporated?
Intellicar Telematics Private Limited was incorporated on 23 February 2015.
What is the registered office address of Intellicar Telematics Private Limited?
The registered office of Intellicar Telematics Private Limited is located at No.1216 & 1217, KCN Complex, 1st & 3rd Floor, 11th A Cross, 24th Main, Sector 1, HSR Layout, Bengaluru, Karnataka 560102.
Sources
Tofler (tofler.in) — identity, capital, directors (partial), financial ratios, charges, "previous CIN" and "parent company TVS Motor" note (this last point is now known STALE per news — see funding). TheCompanyCheck (thecompanycheck.com) — identity, capital, directors with DINs, financial ratios, charges detail, shareholding/GST gating notices. Official site intellicar.in (+ /company-pages/about) — business overview, leadership, logo. Indian Kanoon (indiankanoon.org) — legal cases. Bing search/news result pages (via WebFetch, since native WebSearch quota was exhausted mid-session) — official domain confirmation, TVS Motor acquisition/divestment history (ET Auto, Yahoo Finance, The Hindu, India Infoline, Business Line via Bing News), Fabric/Nuveen funding (Inc42 via Bing News), competitor names. Falconebiz and Tracxn were attempted but did not return usable company-specific content in this session (404 / generic homepage only).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.